Gasoline prices
Continuously increasing for 6 weeks, oil prices approach the 86 USD/barrel mark
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In the trading session on August 5 (Vietnam time), oil prices continued to increase after the world's leading oil producers, Saudi Arabia and Russia, extended supply cuts until September.
Oil prices may increase to 88 USD/barrel
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In the trading session on August 4 (Vietnam time), the increase in oil prices was maintained in the context of tight supply and a shocking decrease in US oil reserves.
Oil prices plummet after reaching a 3-month high
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In the trading session on August 3 (Vietnam time), oil prices slid down as traders reduced risks after one of the three largest credit rating institutions in the US downgraded credit rating.
Reduced reserves push oil prices up
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In the trading session on August 2 (Vietnam time), US gasoline reserves fell sharply, "supporting" oil prices to increase. Domestically, yesterday afternoon, gasoline prices were adjusted to the highest increase of VND 1,171/liter.
Global supply tightens, oil prices exceed 85 USD/barrel
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The trading session on August 1 (Vietnam time), a sign of tightening supply, continued to push world oil prices up sharply, surpassing the mark of 85 USD/barrel. Domestic gasoline prices are expected to increase by a maximum of VND1,400/liter (kg).
Risk of recession decreases, oil prices exceed 84 USD/barrel
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trading session on July 29 (Vietnam time), concerns about a global recession eased after positive economic data pushed world oil prices to a 3-month high.
Supply shortage causes oil prices to reverse to increase by nearly 2%
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In the trading session on July 28 (Vietnam time), oil prices climbed, supported by scarce supply after OPEC+ cut production, new growth prospects for China's demand as well as global growth.
Increased interest rates cause oil prices to continue to decrease
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In the trading session on July 27 (Vietnam time), oil prices continued to plummet after the US Federal Reserve (Fed) increased interest rates by 25 percentage points.
Oil prices drop after hitting 3-month high
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In the trading session on July 26 (Vietnam time), world oil prices reversed and decreased after increasing to a 3-month high.
Exceeding 82 USD/barrel, world oil prices will increase in the second half of the year
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In the trading session on July 25 (Vietnam time), oil prices increased to a nearly 3-month high due to tight supply, increased demand and expectations of China's stimulus measures.
Demand optimism causes oil prices to continue to increase
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In the trading session on July 24 (Vietnam time), oil prices increased slightly in the context of the market expecting the US Federal Reserve (Fed) to soon stop raising interest rates and increased concerns about supply shortages in the coming months.
Oil price increases for the fourth consecutive week
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During the week, Brent oil prices increased beyond the 80 USD/barrel mark, WTI oil reached 77.07 USD/barrel. For the whole week, Brent oil prices increased by about 1.2%, WTI oil increased by nearly 2%.
Tight supply pushes oil prices above $80/barrel
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The trading session on July 22 (Vietnam time), due to the risk of a shortage of supply in the coming months, oil prices increased sharply.
Domestic gasoline prices may increase by VND1,000/liter
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In the trading session on July 21 (Vietnam time), world oil prices continued to be supported by tight supply and increased crude oil imports from China. Domestic oil prices are expected to increase by about 400-1,000 VND/liter (kg).
Optimistic economic signals make oil prices continue to increase
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In the trading session on July 20 (Vietnam time), oil prices increased slightly in the context of tightening US crude oil supply and committing to restore China's economic growth.